Actual
704.00
Daily Change
-3.00 -0.42%
Monthly
-3.63%
Yearly
35.45%
Q3 Forecast
716.24
Wheat - Summary

Wheat fell to $7 per bushel, hitting its lowest level since August 25, as traders awaited significant breakthroughs in agricultural trade talks between the US and China amid their summit in Washington. Earlier Thursday, US President Donald Trump said the two leaders had made “tremendous strides” toward improving US access to the Chinese market through the newly created Board of Trade. However, the lack of specific details disappointed some market participants. Traders expect Chinese purchases of US crops, including wheat, to increase if tariffs are removed, as both countries have discussed reducing tariffs on certain goods, including US agricultural and energy products. Meanwhile, investors are also focused on renewed diplomatic talks between Ukraine and Russia, with hopes of restoring grain exports through the Black Sea.

Wheat - Stats

Wheat fell to 704 USd/Bu on September 25, 2026, down 0.42% from the previous day. Over the past month, Wheat's price has fallen 3.63%, but it is still 35.45% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on September 26 of 2026.

Wheat - Forecast

Wheat fell to 704 USd/Bu on September 25, 2026, down 0.42% from the previous day. Over the past month, Wheat's price has fallen 3.63%, but it is still 35.45% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 716.24 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 781.68 in 12 months time.



Price Day Month Year Date
Soybeans 1,320.00 2.50 0.19% 5.24% 30.21% Sep/25
Wheat 704.00 -3.00 -0.42% -3.63% 35.45% Sep/25
Lumber 533.50 -3.50 -0.65% -5.83% -10.19% Sep/25
Cheese 1.46 -0.0030 -0.20% -9.02% -14.19% Sep/25
Palm Oil 4,672.00 -100.00 -2.10% -3.71% 6.28% Sep/25
Milk 16.12 0 0% -2.89% -8.25% Sep/25
Cocoa 5,603.00 13.00 0.23% -3.91% -18.89% Sep/25
Cotton 82.60 -0.710 -0.85% -7.34% 29.39% Sep/25
Rubber 254.00 4.50 1.80% 7.95% 46.74% Sep/25
Orange Juice 151.40 0.65 0.43% 3.45% -37.11% Sep/25
Coffee 278.10 2.75 1.00% -13.67% -26.44% Sep/25
Oat 418.25 -4.2500 -1.01% 25.41% 35.36% Sep/25
Wool 1,845.00 -12.00 -0.65% 1.82% 26.98% Sep/25
Rice 16.62 0.0550 0.33% 12.03% 47.80% Sep/25
Canola 827.70 -0.90 -0.11% 3.68% 34.67% Sep/25
Sugar 18.54 -0.07 -0.38% 5.40% 13.19% Sep/25
Corn 528.75 1.2500 0.24% 2.87% 25.30% Sep/25



Related Last Previous Unit Reference
United States Corn Stocks 5.29 9.02 Billion Bushels Jun 2026
United States Soybean Stocks 1.06 2.10 Billion Bushels Jun 2026
United States Wheat Stocks 0.92 1.30 Billion Bushels Jun 2026

Wheat
Wheat is one of the most important staple crops globally, serving as a key source of food for human consumption and animal feed. Its prices are closely monitored due to their impact on food security, inflation, and global trade flows. Wheat futures are traded on major exchanges, including the Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT), and the Minneapolis Grain Exchange (MGEX). Standard contracts typically represent 5,000 bushels. On the supply side, China, India, Russia, the United States, France, Australia, and Canada are among the largest producers globally. Russia is the leading exporter, followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Prior to the Russian invasion of Ukraine, Russia and Ukraine together accounted for a significant share of global wheat exports. Wheat prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
704.00 707.00 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Falls to One-Month Low
Wheat fell to $7 per bushel, hitting its lowest level since August 25, as traders awaited significant breakthroughs in agricultural trade talks between the US and China amid their summit in Washington. Earlier Thursday, US President Donald Trump said the two leaders had made “tremendous strides” toward improving US access to the Chinese market through the newly created Board of Trade. However, the lack of specific details disappointed some market participants. Traders expect Chinese purchases of US crops, including wheat, to increase if tariffs are removed, as both countries have discussed reducing tariffs on certain goods, including US agricultural and energy products. Meanwhile, investors are also focused on renewed diplomatic talks between Ukraine and Russia, with hopes of restoring grain exports through the Black Sea.
2026-09-25
Wheat Hits One-Month Low
Wheat fell to around $7 per bushel, hitting its lowest level since August 25, as renewed diplomatic efforts between Russia and Ukraine raised hopes for progress toward restoring Black Sea shipping. Ukrainian President Volodymyr Zelenskyy said talks with US President Donald Trump focused on efforts to end the four-year-old war, including the possibility of a bilateral ceasefire targeting energy infrastructure. Zelenskyy also said Kyiv was prepared to consider any format for an energy truce with Moscow, while noting that no discussions had taken place on Ukraine unilaterally suspending strikes against Russian oil refineries. The Russia-Ukraine conflict has disrupted Black Sea shipments, prompting buyers to turn to alternative sources. Meanwhile, the US Department of Agriculture said earlier this week that US winter wheat planting was 17% complete as of Sunday, trailing the five-year average of 21%.
2026-09-23
Wheat Hits 4-week Low
Wheat decreased to 709.00 USd/Bu, the lowest since August 2026. Over the past 4 weeks, Wheat gained 4.18%, and in the last 12 months, it increased 36.71%.
2026-09-23